QuotedData’s Shonil Chande gets a mention in this week’s investment trust watch – a rundown on changes in Z scores (statistically meaningful discount changes)
“The proposal – which shareholders will vote on in September – would effectively lock in investors for a further five years, which analysts felt was far too long and should have been accompanied by a cash offer.
‘Many retail investors choose to put capital into investment companies because of the ease at which they can be bought and sold. When investment companies do wind-up, we believe that shareholders should have the option to either rollover into another closed-end fund (where possible) or receive cash,’ said Shonil Chande of QuotedData.”
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